Category Archives: Price

U.S. Stock Market Theme – 2024

The theme for U.S. stocks in 2024 has been, main stock indices make new highs with bearish momentum.  The indices have only minor declines, then the bearish momentum divergences are erased. On 011/29/24 two of the main U.S. stock indices, S&P 500 (SPX) and Dow Jones Industrial Average made new all – time highs withContinue reading “U.S. Stock Market Theme – 2024”

Bitcoin 100,000!

On 11/22/24 Bitcoin (BTCUSD) reached 99,860 close to a major round number 100,000.  Could this number represent significant resistance?  An examination of BTCUSD history reveals some fascinating data. The monthly BTCUSD chart courtesy of Trading View shows the long-term view since its inception in December 2014. Each of the three important BTCUSD peaks came closeContinue reading “Bitcoin 100,000!”

U.S. Long – Term Interest Rates at Important Level

Trading action in the next few days could determine the direction of U.S. long – term interest  rates for several weeks. The daily CBOE  10 – year Treasury Yield (TNX) chart courtesy of Trading View shows its progress since mid – 2023. TNX has moved marginally above the declining trendline connecting the October 2023 andContinue reading “U.S. Long – Term Interest Rates at Important Level”

  Trump Reelection – Catalyst for a Bull Market?

The day after the election of Donald Trump as the U.S. president in 2016 the S&P 500 (SPX) had a big rally which kicked off for a multi month bull market.  The day after Donald Trump’s reelection  in 2024 the SPX had a big rally.  Could this be the start of another multi month bullContinue reading ”  Trump Reelection – Catalyst for a Bull Market?”

Reaction to the U.S. Election

The U.S. November 05, 2024 election was historic and amazing.  The reaction of several markets was also historic and amazing. All three main U.S. stock indices made new all-time highs.  Precious metals had huge movements down. Bitcoin had a huge move up.  Long-term U.S. Treasury yields had huge up movements.   The daily S&P 500 (SPX)Continue reading “Reaction to the U.S. Election”

S&P 500 and Bitcoin Relationship

On 10/31/24 both the S&P 500 (SPX) and Bitcoin (BTCUSD) experienced sharp declines; the drop could be heralding a bear market. The weekly BTCUSD chart courtesy of Trading View illustrates its long-term momentum. During the last week of October 2024  BTCUSD may have completed a double top vs. its March 2024 peak.   Because the secondContinue reading “S&P 500 and Bitcoin Relationship”

Microsoft and Alphabet Inc. Elliott Wave Patterns – 10/18/24

The 09/15/24 blog “Microsoft  and Alphabet Inc. Elliott Wave Patterns” illustrated resistance zones where both stocks could peak.  Subsequently their respective upper price targets have been reached and new declines have begun. The daily Microsoft (MSFT) chart courtesy of Trading View shows the Elliott wave count since its 07/05/24 peak. MSFT – 07/05/24 to 08/05/24Continue reading “Microsoft and Alphabet Inc. Elliott Wave Patterns – 10/18/24”

Mixed Signals – Part – Two

Trading of U.S. stocks on 10/17/24 was almost the opposite of what happened on 10/15/24.  Today 10/17/24 the Russell 2000 (RUT) ended the session down while the Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC) ended up on the day.  S&P 500 (SPX) was marginally down. On 10/15/24 the RUT was up on theContinue reading “Mixed Signals – Part – Two”

Mixed Signals – 10/16/24

The S&P 500 (SPX) bullseye target for a long-term Fibonacci time cycle was 10/11/16.  On 10/14/24 one trading day later SPX made a new all-time high.  The next day SPX failed to make a new high, and of the three main U.S. stock indices only the Dow Jones Industrial Average (DJI) made a new high.Continue reading “Mixed Signals – 10/16/24”